Sovryn vs Chintai vs Compound
What problem does this service solve?
Sovryn aims to allow DeFi traders more opportunities to earn interest on their assets by leveraging Bitcoin's larger liquidity pool; as opposed to most DeFi solutions that are built on Ethereum. | Chintai allows EOS holders to earn passive income by lending out their bandwidth resources to DApp developers. | Compound lets users borrow or lend cryptocurrency and earn an interest rate. |
Token Stats
Not Relevant | Not Relevant |
Company Description
Sovryn is a decentralized exchange and derivatives market. It is a permisionless and non-custodial platform for earning interest on Bitcoin and other Bitcoin based currencies. Sovryn is built on the Bitcoin sidechain RSK, and hopes to advance the decentralized finance space by leveraging the larger market cap and liquidity pool of the Bitcoin ecosystem. Traders can trade, borrow, and lend bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin. | Chintai is a community owned EOS token leasing platform. It connects the EOS community with DApp developers through instant, algorithmic, transaction execution that delegates bandwidth resources. The platform is sponsored by many of the largest EOS Block Producer candidates. | Compound is an Ethereum-based lending platform that allows DApps to easily monetize or borrow tokens. The Compound token is used to power a money lending market for crypto assets. Projects can earn interest on funds that are inactive. The Compound protocol adjusts money market interest rates based on asset-specific supply and demand. This allows users to exchange Ethereum assets without having to negotiate terms, rates, or technical requirements. |